Warner Music Pulls Videos Off YouTube

iammani writes with this excerpt from Reuters: "Warner Music Group ordered YouTube on Saturday to remove all music videos by its artists from the popular online video-sharing site after contract negotiations broke down. ... The talks fell apart early on Saturday because Warner wants a bigger share of the huge revenue potential of YouTube's massive visitor traffic. There were no reports on what Warner was seeking. 'We simply cannot accept terms that fail to appropriately and fairly compensate recording artists, songwriters, labels and publishers for the value they provide,' Warner said in a statement." Warner's deal with YouTube to make those videos available came just prior to YouTube's acquisition by Google.

Comments

Re:What? Did you get that gem?

[mfnickster]

"We simply cannot accept terms that fail to appropriately and fairly compensate recording artists"

So instead, for all practical purposes, they're accepting terms in which both the company AND the artists get: nothing... zero... nada... zilch.

But the videos will still be on YouTube!